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Studying Law of Association and Company Law was not just about rules and statutes, it was like watching a giant game of LEGO, where people build powerful structures called associations and companies. These 'LEGOs' were just bricks, though. They were individuals with rights, goals, and sometimes, disagreements. Seeing how the law helps these groups work together while protecting everyone involved, from members to outsiders, felt like solving a giant puzzle. And the more I learned about internal rules and leadership, the more I realized how important fair play and responsible teamwork are for making these structures truly strong. Nevertheless, ethical concerns arise within these structures, like power imbalances, manipulation, and even corruption. How can the legal framework be strengthened to better protect individuals and ensure fair practices? These are the questions I anticipate exploring in Law of Association and Company Law II. Look forward to the journey ahead!

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Step 5 : Drafting Partnership Agreement 

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Step 5 : Drafting Partnership Agreement 

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To ensure the smooth operation and longevity of WonderLust Travel Agency, a comprehensive partnership agreement should be drafted in accordance with the Partnership Act 1961. This agreement should address key elements across all five parts of the Act: establishing a firm legal foundation (including registration), clearly defining partners and their entitlements, outlining each partner's authority and potential liabilities, detailing rights and duties within the firm, managing ownership and creditor rights regarding partnership property, creating clear exit strategies and dissolution procedures, and providing a structured approach to resolving any disputes. By addressing these crucial aspects, the agreement safeguards partners and enhances the stability of WonderLust Travel Agency in the long run.

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2nd Step : Deciding the Nature of Business

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2nd Step : Deciding the Nature of Business

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Our travel agency is a service-focused enterprise that specializes in coordinating and managing different aspects of travel and tourism for both individuals and groups. Key services involve reserving flights, accommodations, transportation, and tour packages. Additionally, we provide travel advice, assist with travel insurance, and help with visa and documentation needs. Our agency is dedicated to streamlining travel planning and enriching the overall travel experience, offering clients convenience and expert guidance for memorable and stress-free journeys.

#TRAVEL MORE, WORRY LESS

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WonderLust Travel Agency is a collective endeavour founded by six partners, comprising Miss Aimi Syazwani binti Mazlan, Miss Daeveshree Mahandran, Miss Marina Devi Prakash, Mr Muhammad Khairi Aizat bin Mohd Halmy, Mr Nik Muhammad Afieq bin Nik Ahmad Farid, Miss Tan Fong Ling, and Miss Zulia Shahirah binti Baharudin, provides the vision and leadership that drives the agency's success.

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Starting a business with picking a catchy name that represents the business's brand and ensuring it is available. After that, we have to decide on the type of company—whether it's a private venture for solo adventures, a shared endeavor with limited liability partnerships, or a big publicly traded entity. Each option comes with its own advantages, like safeguarding personal assets, attracting investors, or simplifying ownership. The exciting journey continues with the incorporation process, involving filing official documents, setting up bank accounts, and issuing shares. While this brings benefits like increased credibility, easier funding, and legal recognition, it also means dealing with paperwork, regulations, and ongoing compliance.

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In our recent lessons, we learned about different kinds of businesses like Sole Proprietorship, Partnership, Limited Liability Partnership, and Companies. We also explored how companies are structured, classified, and what kind of responsibilities they have. This study gave us a good understanding of the different ways businesses can be set up and organized.

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Week 7 : Guest Lecture on Formation of Partnership

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Week 7 : Guest Lecture on Formation of Partnership

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We had the valuable opportunity to virtually interact with Mr Ahmad Mu'az Mohd Nawawi, an experienced practising lawyer. Mr Ahmad provided comprehensive insights into the complexities of forming a firm. This engaging session not only highlighted the crucial details necessary for establishing a firm but also equipped us with the practical skills for drafting a comprehensive partnership agreement.

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We've acquired knowledge about the three methods outlined in Section 34 of the Partnership Act 1961 for dissolving a partnership:

1. Section 34(1)(a): A partnership formed for a specific duration is dissolved upon the expiration of that period.

2. Section 34(1)(b): A partnership established for a singular venture dissolves when that particular undertaking concludes.

3. Section 34(1)(c): A partnership with an indefinite duration is dissolved through the provision of notice.

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Week 5 : Liability Of A Partnership Towards Third Party

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Week 5 : Liability Of A Partnership Towards Third Party

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Our examination of partnership law has revealed the complex interplay of liability that connects a firm with third parties. Section 7 of the Partnership Act 1961 clarifies the concept that every partner serves as an agent of the firm, thereby binding all partners collectively and individually for the actions of any partner. This understanding emphasizes the shared responsibility and interconnectedness within a partnership, emphasizing that individual actions can significantly impact the entire firm.

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Our task is to assemble a group of six individuals to establish a partnership in any business domain. After careful consideration, our group reached a consensus to establish a travel agency, and we've named it 'Wonderlust.'

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Professor Zuhairah has tasked us with a stimulating assignment, drawing inspiration from a KeLIP video snippet of the 2010 movie 'The Social Network.' Our goal is to scrutinize the portrayed connection between Mark Zuckerberg and Eduardo Saverin, with a specific emphasis on identifying any indications of a partnership, whether formal or informal.

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Dr Hartinie and Prof Zuhairah enlightened us on the essential capacity needed to form a partnership and the legal ramifications of entering an illegal partnership. Notably, we learned that even in such cases, an innocent third party retains the right to sue individual partners.

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Week 1 : Understand the Concept of Partnership

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Week 1 : Understand the Concept of Partnership

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In our first meeting with Professor Zuhairah, she provided a comprehensive overview of the definition of partnership as outlined in Sections 3(1), 4, and 6 of the Partnership Act 1961. I learned that a partnership is a relationship between people who run a business together to make a profit.

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Me as the 3rd year LLB student at UniSZA.

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First and foremost, my primary objective is to attain a bachelor's degree in law. Through this pursuit, I aspire to understand how legal provisions operate in practical scenarios comprehensively. Graduation is just the first chapter. Aspiring to contribute meaningfully to the legal field, I aim to join the industry and offer legal services that benefit society, utilizing my abilities to the fullest extent. I hope one day I can stand before the High Court, presenting a compelling case that unites the justices and secures a resounding victory for justice.

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My name is Tan Fong Ling, people usually call me by Fong or Fong Ling. I'm currently 22 years old. I was born in Sibu, Sarawak, and I currently reside in Batu Pahat, Johor.